48, MONKS WAY, CHIPPENHAM, SN15 3TT - £348,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

48 MONKS WAY is a large extended detached house of 143m², built sometime between 1983 and 1990. It was last sold for £348,000 in March 2020, which was around 18% below the average March 2020 detached price in the Wiltshire local authority area. The most recent EPC inspection was January 2010, where the current energy rating was D, and the potential energy rating was C.

48 MONKS WAY Sold Prices

Land registry data shows three sales for 48 MONKS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. All of the three 48 MONKS WAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 5 MAR	£348,000	£424,948	18% below HPI
2011 4 MAR	£235,000	£325,812	28% below HPI
2006 9 MAR	£232,000	£299,897	23% below HPI

48 MONKS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wiltshire local authority area over time, sourced from the HPI. The three 48 MONKS WAY sales between March 2006 and March 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2011 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the March 2020 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 48 MONKS WAY be worth now?

48 MONKS WAY might now be worth an estimated £425,609.

This is based on house price inflation of 22.3%, between March 2020 and December 2024, for detached houses, in the Wiltshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.3% inflationary increase is applied to the most recent sale price for 48 MONKS WAY of £348,000 on 5th March 2020. For the value to have increased from £348,000 to £425,609 over the three years and three months to December 2024, the following assumptions must hold true:

• The value of 48 MONKS WAY has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The March 2020 sale price of £348,000 represented a fair market value for the property.
• The size, condition, and specification of 48 MONKS WAY has not materially changed since March 2020.

How Large is 48 MONKS WAY?

48 MONKS WAY is 143m², which includes one extension, according to the EPC inspection conducted in January 2010. This puts it in the largest 20% of detached houses houses in Chippenham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chippenham, and where 48 MONKS WAY lies on this distribution: 80% of detached houses houses are smaller than 48 MONKS WAY, and 20% of houses are larger. Note that EPC data is not available for all properties in Chippenham.

48 MONKS WAY: Plot and Title Map

48 MONKS WAY sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 48 MONKS WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 48 MONKS WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 48 MONKS WAY?

48 MONKS WAY is located in CHIPPENHAM, in the SN15 postcode district. The below map shows the position of No. 48 on MONKS WAY.